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Ocean Beach Addn No 3

$2,900,000

1150 8th St, Miami Beach, FL 33139

Active
Last Updated: 04/05/2025

5,426 sqft

Building Size

4

Units

Details:
Building Size:    5,426 sqft
Units:    4
Year Built:    1948
Floors:    2
Gross Leaseable Area:    5,426
Highlights:
  • Lot Features: Less Than 1/4 Acre Lot
  • Documents Available: Copy Of Lease(S)
  • Architectural Style: Other
  • Cooling: Wall/Window Unit(s)
  • Heating: Other
  • Flooring: Vinyl
  • Construction Materials: Concrete Block With Brick
Description:

Steps away from 500 Alton Project, 3 Acre Park Coming To Alton Road 4 Unit Multi-Family on Alton & 8th Street,
on the same block as the New Baptist Health Center in Miami Beach. AAA Location - IDEAL for Owner
Users, Developer or Investors. Flexible CD-2 Zoning allows for Medical Offices / Retails / Hotels / Short Term
Rentals, and Other Commercial Uses. High Traffic Count Intersection & Close to Major Retailers. FAR 2.0 = Develop 15,000 sqft 5 story building.

Total Monthly income: $15,700, move in 5.3% CAP Rate with potential upside on the rents!

Tenants Pay all expense. the only thing landlord pays is monthly gardening fees, along with taxes and insurance annually!

All Units come furnished with inventory list, they are all the exact same on the interior!

Map:
Location
Gallery